Brana Chryste

Standard Deduction 2024 Married Filing Jointly Married Filing. Standard deduction limit in new tax regime raised to rs 75,000 union. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023.

Your filing status changes from married filing jointly (or qualifying surviving spouse) to head of household or single (or married filing separately) or from head of household. Your filing status is married filing jointly or qualifying surviving spouse and your modified agi is at least $218,000.